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IMF upgrades UK growth forecast for this year

The International Monetary Fund revised its forecast for UK growth this year to 1.8%, partly reversing the cut it made to the forecast shortly after the Brexit vote.

At 1.8%, the UK would be the fastest growing G7 economy this year.

The IMF cut its forecast for 2017 growth to 1.1%. In July it cut the forecast to 1.3% from 2.2%.

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